U.S. to dominate Medical Holography Imaging Market in coming years

The medical holography imaging market in Japan is also poised to witness lucrative growth throughout the forecast years, propelled by rising demand for healthcare facilities due to increasing unhealthy lifestyle changes & rapid changes in demographics.

Global Market Insights, Inc. forecasts Medical Holography Imaging Market to take a giant leap in terms of revenue collection down the line of seven years, by reaching USD 3 billion from USD 300 million over the period of 2017-2024.

Increasing proliferation of holograms in the medical space stands as a crucial evidence to the expansion that medical holography imaging market has observed lately. Until recently, the medical images from MRI, X-ray, CT scans were mostly 2D slices of a three-dimensional object, the interpretation of which, sometimes resulted in a loss of clinical information. The advent of 3D holographic imaging has completely revolutionized medical imaging and surgery, subject to the fact that through this technique, doctors can efficiently study the human anatomy without the requirement of manual testing procedures. Availability of advanced medical devices that can interpret holographic interferograms efficiently is increasing day by day, which also is stimulating the business penetration.

Of late, holographic imaging has been increasingly adopted in medical academia, biomedical research, and medical imaging. Biomedical research dominated the overall holographic imaging market share in 2016 and will carve out a lucrative growth path ahead. Subject to the progressions in holographic interferometric techniques, this hi-tech imaging technique is gaining popularity in biomedical applications. In biomedical research, holography is used to provide three-dimensional digital holograms of organs, DNA, and various cells. With increasing technological integration in the healthcare space, holographic imaging industry from biomedical research is anticipated to chart out a profitable map in the years ahead. Other than biomedical research, medical imaging applications will also witness substantial gains over 2016-2024, subject to the potential contribution of holograms in cardiac and neurological disease diagnosis and treatment.

Considering the product palate of holographic imaging market, holographic display covered a significant portion of the industry in 2016 and is likely to grow exponentially in the years ahead with a projected CAGR of 30% over 2017-2024. This phenomenal growth projection can be attributed to the extensive deployment of 3D holographic displays in medical training.

Since holographic imaging industry is highly technology driven, the U.S. observes a strong command on the global landscape. The regional market accounted for the maximum share in 2016. Extensive research initiatives that have been continuously undertaken by the medical universities can be considered a major driving factor behind the regional growth. Having said that, it is important to note that U.S. holographic imaging market observes a significantly high demand from the medical imaging sector. The presence of leading market players is also acting in favor of the business expansion. Japan will also prove to be a prominent participant in the global holographic imaging market in the coming seven years.

Medical holography imaging market is on its way to establish its footprints across the globe. Though huge capital investment and computational complexities are somewhat deterring the market penetration across some regions, the participation of leading companies with regards to novel product launches and research activities is expected to usher in some of the cost-effective technologies in the market in near future. Some of the prominent players involving in holographic imaging industry include Holoxica, Zebra Imaging, EON Reality, RealView Imaging, and Mach7 Technologies.

Recently, Holoxica, one of the biggest giants in medical holography imaging market, has come up with a 3D anatomy human atlas prototype that would offer a comprehensive insight into identifying, diagnosing, and treating a variety of neurological disorders. It is claimed to be the first of its kind till date and is undoubtedly a breakthrough in the neuroscience domain. Taking into consideration the global attention that holography is gaining lately in the healthcare fraternity, holographic imaging market is expected to record a colossal CAGR of 30% over 2017-2024.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.